Power Solutions International Inc (NASDAQ:PSIX) Major Shareholder Gary S. Winemaster Sells 17,983 Shares of Stock

Power Solutions International Inc (NASDAQ:PSIX) major shareholder Gary S. Winemaster sold 17,983 shares of the business’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $36.84, for a total transaction of $662,493.72. Following the completion of the transaction, the insider now directly owns 2,981,119 shares of the company’s stock, valued at $109,824,423.96. The trade was a 0.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Power Solutions International Stock Down 25.8 %

Shares of NASDAQ PSIX opened at $31.91 on Tuesday. The stock has a market cap of $733.93 million, a PE ratio of 13.52 and a beta of 0.99. Power Solutions International Inc has a 12 month low of $1.89 and a 12 month high of $45.74.

Institutional Trading of Power Solutions International

Hedge funds and other institutional investors have recently bought and sold shares of the company. Heck Capital Advisors LLC purchased a new position in shares of Power Solutions International during the 4th quarter worth $94,000. Spire Wealth Management purchased a new position in Power Solutions International during the fourth quarter worth about $96,000. Astoria Portfolio Advisors LLC. acquired a new stake in Power Solutions International in the 4th quarter worth about $216,000. Evernest Financial Advisors LLC purchased a new stake in Power Solutions International in the 4th quarter valued at about $223,000. Finally, Gagnon Advisors LLC purchased a new position in shares of Power Solutions International during the 4th quarter worth about $13,987,000. 22.28% of the stock is owned by hedge funds and other institutional investors.

Power Solutions International Company Profile

Power Solutions International, Inc engages in the design, manufacture, and trade of power systems and electrical power generation equipment. The firm provides integrated turnkey solutions to global original equipment manufacturers and end-user customers within the energy, industrial, and transportation end markets.